ADAMAS TRUST, INC. — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NEW YORK MORTGAGE TRUST INC (NYMT)
CIK: 0001273685
Period of Report: 2023-01-01

Reporting Person: Serrano Jason T (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-01-01	Common Stock, par value $0.01 per share	M	26752	—	Acquired	770657	Direct
2023-01-01	Common Stock, par value $0.01 per share	F	11348	$2.56	Disposed	759309	Direct
2023-01-01	Common Stock, par value $0.01 per share	M	45167	—	Acquired	804476	Direct
2023-01-01	Common Stock, par value $0.01 per share	F	18581	$2.56	Disposed	785895	Direct
2023-01-01	Common Stock, par value $0.01 per share	M	49283	—	Acquired	835178	Direct
2023-01-01	Common Stock, par value $0.01 per share	F	18238	$2.56	Disposed	816940	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-01-01	Restricted Stock Units	$	M	26752	Disposed		Common Stock, par value $0.01 per share (26752.0)	Direct
2023-01-01	Restricted Stock Units	$	M	45167	Disposed		Common Stock, par value $0.01 per share (45167.0)	Direct
2023-01-01	Restricted Stock Units	$	M	49283	Disposed		Common Stock, par value $0.01 per share (49283.0)	Direct

Footnotes

F1: Shares acquired pursuant to the settlement of restricted stock units ("RSUs") granted to the Reporting Person in January 2020.

F2: Each RSU is the economic equivalent of one share of common stock of New York Mortgage Trust ("NYMT"). Each RSU was settled in one share of common stock of NYMT.

F3: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 1 above.

F4: Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2021.

F5: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 4 above.

F6: Shares acquired pursuant to the settlement of RSUs granted to the Reporting Person in January 2022.

F7: Surrendered to satisfy tax liability incident to the settlement of RSUs described in Note 6 above.

F8: On January 1, 2020, the Reporting Person was granted 80,257 RSUs, vesting in three equal annual installments beginning on the first anniversary of the grant date.

F9: On January 27, 2021, the Reporting Person was granted 135,501 RSUs, vesting in three equal annual installments beginning on January 1, 2022.

F10: On January 27, 2022, the Reporting Person was granted 147,849 RSUs, vesting in three equal annual installments beginning on January 1, 2023.